Weekly Wool Prices

Week Ending May 10 (Week 45)

A welcome and overwhelming change to the wool markets across Australia was witnessed this week, with prices for all types and descriptions on offer appreciating by as much as 45acents. The mood and tone of the auction sales was immensely different to that of the past 6 or so weeks, with the renewed vigour of purchasing by the exporters quite encouraging and giving a good signal of renewed and prompt demand for the fibre.